6. Vocabulary - Purchasing propertyWhat does it mean?Select the term associated with making housing decisions that corresponds to each of the given descriptions. (Note: These are not necessarily complete definitions, but there is only one possible answer for each description.)Description TermThis occurs when the value of the real estate asset is lower than the loan amount due on that asset.This refers to an apartment in a building or a residential complex that is individually owned.This is the general name given to fees paid by a borrower where one point is equal to 1\% of the amount borrowed.This is the money pledged by a potential house buyer to show his or her good faith when making an offer.This policy is often provided by private insurers to protect the lenders against loss if the borrower defaults in making payments towards the loans.